Africa Offshore Banking

Latest News for: Africa offshore banking

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Georgia Gambling Conference 2021 – Event About the Opportunities and Prospects of the Georgian Gambling ...

Bitcoin Garden 09 Apr 2021

Georgia Gambling Conference 2021 will take place in Tbilisi on April 15 ... Event will be organized by Smile-Expo ... Presentation ... in Europe, Asia, Africa, offshore jurisdictions and the USA. Provides support at all stages of remote opening of accounts in foreign banks.Leader.bet is a new online platform on the Ukrainian gambling and entertainment market ... .

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Key African Central Banks aren’t rushing to raise interest rates

B & FT Online 25 Mar 2021

Central banks in some of sub-Saharan Africa’s biggest economies may be more concerned about the impact of a potential third wave of coronavirus infections and a slow rollout of vaccines than quickening inflation, leaving borrowing costs unchanged for now ... Standard Chartered Bank.

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Top considerations for SA investors under the ‘new normal’

Business Day 19 Nov 2020

If the SA Reserve Bank and National Treasury can keep inflation under control and stabilise the debt outlook, it will make for an attractive bond-buying environment ... There are many reasons local investors should be investing wealth offshore ... Investment solutions offered by Africa’s largest banking group.

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Offshore bank, investment and trust accounts – are these still allowed?

Independent online (SA) 07 Aug 2020

Unpacking the enigma around offshore starts with one simple certainty; nothing in the South African Income Tax or Reserve Bank regulations prohibits South Africans from opening a bank account, investment account or setting up an offshore trust ... Offshore bank and investment accounts ... Offshore bank or investment account(s) also need to be declared.

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Banks limit debit card spending abroad as Nigeria’s FX crisis worsens

Business Day Online 20 Jul 2020

Simply put, Nigerian banks are trying to avoid transactions with hard currency reports Reuters. Stanbic IBTC Bank, the local unit of South Africa’s Standard Bank, said it will halve the spending limit for offshore card transactions to $500 per month from Monday and will limit cash withdrawals to $100 ... Then it was ordered by the central bank.

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Banks to stop or limit debit card spending abroad as Nigeria’s FX crisis worsens

Business Day Online 19 Jul 2020

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The fable of SA’s special economic zones

Mail Guardian South Africa 13 Feb 2020

South Africa has run a trade surplus over the past three years, but that did nothing to compensate for raging capital flight, to which the treasury and the Reserve Bank generally turn a blind eye ... For Mboweni, earning more hard currency with exports so that banks and corporations can loot South Africa faster, seems to be.

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Petrobras sells $1.5 billion assets in Nigeria, ends activities in Africa

Business Day Online 15 Jan 2020

(PO&GBV), the company producing oil in Nigerian oil assets, thereby ending its activities in Africa ... BTG, Brazil’s largest independent investment bank owns the other 50percent stake in Petrobras Africa, whose core assets are stakes in offshore fields that produce Nigerian oil grades Agbami, Egina and Akpo.

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Standard Bank wins company of the year at Isle of Man Awards

Independent online (SA) 21 Nov 2019

JOHANNESBURG - Standard Bank has been named the 2019 Company of the Year at the prestigious Isle of Man Awards For Excellence ... As part of Africa’s largest banking group by assets, Standard Bank Offshore Group has operated in the Isle of Man for more than 25 years and the bank continues to expand its operations in the island.

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Oil trader Vitol pulls out of $1.5 bln deal to buy Nigerian oil fields

Canada Dot Com 01 Nov 2019

Africa Oil said the deal will go ahead under the previously agreed terms ... BTG, Brazil’s largest independent investment bank, owns the other 50% stake in Petrobras Africa, whose core assets are stakes in offshore fields that produce Nigerian oil grades Agbami, Egina and Akpo..

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From Argentina to China and India: A guide to capital controls

The Times of India 05 Sep 2019

One restriction that still exists is a ban on offshore currency trading -- which the central bank has indicated it has no plans to remove ... South Africa ... The Reserve Bank has a complex system of exchange controls that limits the amount of money South African individuals, investors and companies can move offshore.

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Probed, sacked and ignored: how countries reacted to West Africa Leaks

Ghana Business News 22 May 2019

West Africa Leaks uncovered offshore companies and bank accounts of potentates from the region, which loses more revenue through tax avoidance, evasion and financial crime than any other in Africa ... The LRA requested bank records between 2011 and 2016 for one Liberian company and three individuals, including Clavenda Bright-Parker.

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What's Ivanka Trump really doing in Africa?

Independent online (SA) 21 Apr 2019

Ivory Coast and Ethiopia are among Africa’s foremost economies, judging by what they have been doing in the past 12 months ... Ivory Coast is the hub of Francophone Africa ... ICBC, 20% shareholder in Standard Bank, is one example, with China National Offshore Oil Corporation, China Construction Bank and more.

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Watching budgets makes ‘cents’ when studying abroad

Independent online (SA) 03 Apr 2019

Using an offshore bank account for transactional banking. Many people believe that an offshore account is only for people wanting to move funds from South Africa so they can invest in ‘hard currencies’ that are less volatile than the rand ... Standard Bank offers an offshore Visa ...

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Where they hide the cash

Information Clearing House 20 Mar 2019

When aid or debt relief are discussed, attention often focuses on corrupt leaders and governments in Africa and other parts of the developing world ... Since the 1980s, banks have targeted the world's roughly 8 million "high net-worth individuals" and encouraged them to hide their funds offshore.